Tributario
New end-of-year tax legislation (2017) - Amendments to the regulations on a number of taxes
The Official State Gazette of December 30, 2017 published Royal Decree-Law 20/2017, of December 29, 2017, extending and approving various tax measures and other urgent employment- and social security-related measures (the “Measures Royal Decree-Law”), which, inter alia, revises the elements of tax law that are traditionally amended by the Budget Law and, due to starting to apply on January 1, 2018, needed to be approved urgently. This new piece of legislation entered into force on the date it was published, i.e. December 30, 2017.New end-of-year tax legislation (2017)– Amendments to the implementing regulations for the General Taxation Law
The Official State Gazette (BOE) of December 30 published four royal decrees amending the implementing regulations for the General Taxation Law (LGT). The stated objective of the amendments to these Regulations, which come into force (generally, with the exceptions described below) on January 1, 2018, is to combat tax fraud, simplify tax law relationships, increase the tax authorities’ efficienc, strengthen legal certainty, and reduce the number of legal disputes.A new tax system for the digital economy in the European Union
At its meeting held on December 5, 2017, the Economic and Financial Affairs Council of the European Union (ECOFIN) approved its conclusions on taxation of the digital economy in the EU. These conclusions are part of the broader objective of the Digital Single Market Strategy for Europe, and are aimed at guiding the legislative proposals which, in relation to taxation at least, the European Commission will have to put forward by early 2018. In this same context new VAT rules on e-commerce were approved.